Attached files
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| 8-K - 8-K - ARDEN GROUP INC | a10-5091_18k.htm |
Arden Group, Inc.
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CONTACT: |
Patricia S. Betance |
Exhibit 99.1 |
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Assistant Secretary |
Page 1 of 2 |
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TELEPHONE: |
310/638-2842 |
FOR IMMEDIATE RELEASE |
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NASDAQ/NMS-ARDNA |
SOUTHERN CALIFORNIA |
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Arden Group, Inc. Announces Fourth Quarter and Fiscal Year Earnings
LOS ANGELES, CA March 10, 2010 – Arden Group, Inc. (Nasdaq–ARDNA) today released its sales and income figures for the fourth quarter and fiscal year ended January 2, 2010.
Arden Group, Inc. is the parent company of Gelson’s Markets which operates 18 full-service supermarkets in Southern California carrying both perishable and grocery products.
(TABULAR INFORMATION ATTACHED)
Post Office Box 512256, Los Angeles, California 90051-0256 (310) 638-2842
2020 South Central Avenue, Compton, California 90220 FAX: (310) 631-0950
Exhibit 99.1
Page 2 of 2
ARDEN GROUP, INC. AND CONSOLIDATED SUBSIDIARIES
FOURTH QUARTER EARNINGS RELEASE
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Thirteen |
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Fourteen |
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Fifty-Two |
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Fifty-Three |
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Weeks Ended |
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Weeks Ended |
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Weeks Ended |
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Weeks Ended |
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January 2, |
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January 3, |
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January 2, |
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January 3, |
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2010 |
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2009 |
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2010 |
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2009 |
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(In Thousands, Except Share and Per Share Data) |
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(Unaudited) |
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Sales |
(a) |
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$ |
110,718 |
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$ |
129,529 |
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$ |
431,170 |
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$ |
479,117 |
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Operating income |
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10,600 |
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12,964 |
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36,036 |
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40,319 |
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Interest, dividend and other income (expense), net |
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83 |
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(578) |
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253 |
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1,188 |
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Income before income taxes |
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10,683 |
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12,386 |
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36,289 |
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41,507 |
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Income tax provision |
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4,231 |
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4,976 |
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14,665 |
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16,840 |
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Net income |
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$ |
6,452 |
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$ |
7,410 |
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$ |
21,624 |
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$ |
24,667 |
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Basic and diluted net income per common share |
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$ |
2.03 |
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$ |
2.34 |
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$ |
6.84 |
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$ |
7.80 |
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Weighted average common shares outstanding |
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3,161,098 |
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3,161,098 |
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3,161,098 |
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3,161,098 |
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(a) Same store sales adjusted for the extra week in 2008 were 7.9% and 8.3% lower for the fourth quarter and fiscal year ended January 2, 2010, respectively, compared to the same periods of the prior year. For further information, please refer to the Company’s annual report on Form 10-K for the year ended January 2, 2010.
Arden Group, Inc.
2020 South Central Avenue, Compton, California 90220
Telephone: (310) 638-2842 Facsimile: (310) 631-0950